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Microsoft exec: Hong Kong struggles to keep up in regional IoT race

Can ComScore Break Nielsen's Near-Monopoly On Ratings?

Most TV Everywhere Viewing Is Live TV In The Home

Consumer Insights Online Video User Overview

Public Companies Going Private


Microsoft exec: Hong Kong struggles to keep up in regional IoT race

  • Hong Kong, slow adopter of IoT, struggles to keep pace with regional counterparts.
  • Rising distrust with data security has cascading effect on adoption of cloud services.
  • Blockchain technology can help elevate IoT security levels.

SNL ImageMicrosoft's Wincy Chan
Source: Microsoft

The Asia-Pacific region is expected to dominate the global internet of things market, which is slated to reach US$724.2 billion by 2023, boosted by the availability of low cost data services and a propelled demand for connected devices, according to recent data from Research Nester.

However, Hong Kong still trails behind its regional counterparts largely due to inadequate government support and unabated data security concerns from the public over the last five years, Wincy Chan, Microsoft Corp.'s Asia IoT Ecosystem Lead, told S&P Global Market Intelligence.

S&P Global Market Intelligence: Is Hong Kong's much-talked about lamppost initiative, namely the government-led strategy to install 400 smart lampposts in four urban areas, enough to give the city a boost in the IoT race?

Wincy Chan: This initiative is a good start but it is not enough to bring Hong Kong forward and to the front of the IoT space. If you compare the city to sister financial hub Singapore, the differences are stark. A prime example is the way Hong Kong has not made data for transportation, such as train timings, public while in Singapore, this information is accessible to the city’s commuters. Another example is Hong Kong’s healthcare sector, where IoT applications have vast potential in terms of patient video monitoring to free up hospital beds and provide patients with family care. Singapore has started this initiative but Hong Kong is still not there yet.

What challenges is Hong Kong facing in the IoT space?

Hong Kong's economy relies heavily on its financial sector, which is typically the slowest sector to adopt emerging technologies such as IoT and artificial intelligence. Therefore, Hong Kong has become a slow adopter of IoT. Over the last 10 years, the government has also not been proactive in fostering new innovation and technology. There is a need to provide more clarity on data sovereignty and privacy to users, for example. This leads to another reason why Hong Kong’s IoT sector is not keeping pace with its rivals: data security concerns. Rising distrust with data security has had a cascading effect on the adoption of cloud services. If cloud adoption is not as high, IoT devices will need to rely on networks. However, as the number of smartphones multiply, 5G networks may not even be able to handle data processing.

What can the authorities do to address data security concerns?

Firstly, the regulator should provide clearer guidelines for the use of public, private and hybrid cloud models. This will guide companies on which data should be kept on the cloud and which can be kept in devices. And secondly, there should be more discussion, and eventually adoption, of blockchain technology among key industry bodies. I believe Blockchain technology can help elevate IoT security levels immensely.

Will Hong Kong feel threatened by the growing presence of China's tech giants as they are eyeing the IoT market as well?

In the cloud space, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are making big moves so expect competition on that front. However, in the connected devices space, Xiaomi Corp. upcoming Hong Kong IPO will provide Hong Kong with a much needed push rather than be a threat.

Looking forward, where will Hong Kong’s IoT market be in the next five years?

With the new Hong Kong government's council of advisers on innovation and strategic development, over the next five years Hong Kong will close the gap [with] others in Asia. Indeed, the IoT ecosystem is already improving in the last year alone. One possible driver may be Hong Kong’s pollution which will push the government to use IoT to monitor its carbon footprint.


Technology, Media & Telecom
Can ComScore Break Nielsen's Near-Monopoly On Ratings?

Highlights

The following post comes from Kagan, a research group within S&P Global Market Intelligence.

To learn more about our TMT (Technology, Media & Telecommunications) products and/or research, please request a demo.

Sep. 17 2018 — Advertising agencies are becoming increasingly frustrated with the inability of Nielsen Holdings PLC's Nielsen Media Research to convince the major media companies to embrace its new cross-platform measurement system, called Total Audience Measurement. This creates a huge opportunity for comScore Inc., formerly Rentrak.

ComScore is trying to reinvent itself following its delisting in 2017 — it was relisted June 1 — following an accounting scandal. The company's stock has fallen from $65 per share intraday on Aug. 17, 2015, to close at just $18.06 per share on Sept. 6. It currently has a total enterprise value of less than $1.2 billion, paltry in comparison to Nielsen Holdings' $12.9 billion.

In April, comScore named Bryan Wiener, previously executive chairman of Dentsu's digital media agency 360i LLC, as its CEO. On Sept. 5, the company announced that it hired Sarah Hofstetter to serve as president and head up commercial strategy, including sales and marketing.

Wiener and Hofstetter have worked together for two decades, most recently at 360i, where Hofstetter was CEO and chairwoman. The two executives' deep ties to the advertising community may be just what is needed to bring a competing cross-platform measurement system to the broadcast and cable network industries.

Cable network ad revenue grew for decades before stumbling, albeit modestly, during the last recession. More recently, despite a booming economy the cable network ad industry has faltered, in part due to cord cutting and cord shaving but also because current ratings do not include all of online viewing and out-of-home viewing.

Currently, the ratings only include online viewing within a three-day period, which includes the exact same commercial load as linear. Many media companies do not believe that online viewers will tolerate the huge ad load that exists on linear TV and do not include the same commercial pods that appear on linear TV when serving up the shows online.

Although negotiations between Nielsen Media Research and the major media companies have been going on for some time, many in the industry are tired of the delays in adopting a new system and are looking at alternate ways to measure viewing.

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Technology, Media & Telecom
Most TV Everywhere Viewing Is Live TV In The Home

Highlights

The following post comes from Kagan, a research group within S&P Global Market Intelligence. To learn more about our TMT (Technology, Media & Telecommunications) products and/or research, please request a demo.

Summary: subscribers to telco operators were more likely to indicate they streamed TV Everywhere content compared to cable and DBS subscribers.

Sep. 17 2018 — Streaming live TV Everywhere to a mobile device inside the home is the TV Everywhere activity most often performed at 52% of multichannel TV respondents, according to data from Kagan’s MediaCensus online consumer survey.

While 58% of respondents surveyed in multichannel homes viewed TV Everywhere in the last three months, just 46% did so out of their home. Click here for the full Kagan report.

Viewing live TV inside the home was not only the TV Everywhere activity performed by the most respondents; it was also the most frequently performed.

Subscribers to telco operators were more likely to indicate they streamed TV Everywhere content compared to cable and DBS subscribers. Subscribers to some operators are more likely to stream TV Everywhere content, with AT&T U-verse (64%) being the highest and WOW! (42%) the lowest among operator subscribers surveyed.

Younger subscribers, especially Millennials, were more likely to stream TV Everywhere content compared to older subscribers.

For more information about the terms of access to the raw data underlying this survey, please contact support@snl.com.

Data presented in this article is from the MediaCensus survey conducted in February 2018. The online survey included 20,035 U.S. internet adults matched by age and gender to the U.S. Census, with additional respondents subscribing to the top multichannel video operators in the U.S. The survey results have a margin of error of +/-0.7 ppts at the 95% confidence level. Generational segments are as follows: Gen Z: 18-20, Millennials: 21-37, Gen X: 38-52, Boomers/Seniors: 53+.

Consumer Insights is a regular feature from Kagan, a group within S&P Global Market Intelligence's TMT offering, providing exclusive research and commentary.

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Technology, Media & Telecom
Consumer Insights Online Video User Overview

Highlights

49% of survey respondents use more than one SVOD service.

Sep. 14 2018 — Data from Kagan’s U.S. online consumer surveys shows that 23% of respondents exclusively use one service, while almost half (49%) use more than one SVOD service. The service which is most commonly used exclusively is Netflix, while users of smaller services almost always use at least one other service.

Netflix is so universally used that it is both the most exclusively used service and the service most often used in conjunction with another service. In terms of demographics, Netflix users are very similar to the general population compared to smaller services that tend to have a younger user base.

With the exception of Netflix, most respondents indicated they have never subscribed to the top four services, including Netflix, Hulu, Amazon Prime Video and HBO NOW. Among those who indicated they dropped one of the top services, price was a principal reason for dropping, although content-specific reasons differed by service. Content is one of the most defining characteristics of online streaming services, which can be seen in the content viewed and most enjoyed on each service. In large part users of Netflix, Hulu and Amazon Prime Video most enjoy the content each service is known for.

A broader overview of this data was presented in a recent webcast.

Data presented in this blog is from U.S. Consumer Insights surveys conducted in September 2017 and March 2018. The online survey included 2,526 (2017) and 2,523 (2018) U.S. internet adults matched by age and gender to the U.S. Census. The survey results have a margin of error of +/-1.9 ppts at the 95% confidence level.

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Capital Markets
Public Companies Going Private

Sep. 14 2018 — The recent tweet from Elon Musk has understandably made big news, but it is worth pointing out that the appetite for taking public companies private has been a key area of activity this year. S&P Global Market Intelligence’s data shows that 2018YTD is already at 39% of 2017 numbers, standing at €17.8bn of deal value across 32 completed deals, globally. Going-private closed deal count is at a healthy 49% compared to full 2017 numbers.

In terms of most popular sectors for going-private deals, since 2013 - Information Technology has been leading the pack with €108.9bn of aggregate deal value recorded across 104 deals, while Consumer Discretionary* is trending as a distant second with €49.7bn of total deal value.

The top target location for going private deals is the US, and interestingly – China comes in at second place, with UK following. The three regions have seen total deal size of €218.8 during the period of 2013 through 2018YTD. The popularity of these locations is further supported by the fact that after going private, average target’s EBITDA values have increased compared to when those companies were public. The US-based going private targets grew their EBITDA by average of 56% since leaving the public market, while Chinese and the UK-located companies grew EBITDA by 10% and 38%, respectively. Overall, the going private moves proved to be successful for ex-public companies globally within the 2013 – 2018YTD deals’ time frame, where their average Net Income values grew by 58% while EBITDA values grew by a smaller but yet attractive 29%.

In terms of the deal pipeline, 18 going-private deals were announced globally since 1st January 2018 and would add €25.8bn of aggregate deal value to already closed €17.8bn.

The following was originally published on Angel News on August 16, 2018: Public companies going private, S&P Global comment

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